Bay Area Real Estate Update January 2023 | Demand for Home Loans on the Rise?

In this week’s Bay Area Real Estate Update, Spencer will talk about how lower mortgages and higher inventory have boosted demand for home loans in 2023, on the heels of a mortgage volume collapse in Q4 of 2022. HousingWire agrees, saying mortgage rates and inflation have both peaked – good news for both buyers and sellers as we head deeper into the new year. He’ll also cover why San Jose stayed strong during the pandemic and the WFH era while San Francisco receded. Other newsworthy items include the Bay Area edging towards a home-building slowdown, a China-based company selling a commercial site in San Jose, and Google salvaging older downtown building as part of its Downtown West San Jose project.Listen to this live Q & A with Bay Area real estate guru Spencer Hsu to learn what will happen to Bay Area housing before the media reports it! And if you ever plan on buying or selling a home in the Bay Area, you'll want to watch this update.We go LIVE this Saturdays at 10 am PT. Ask me anything!Text or call us today at 408-547-4590. You can also visit us at https://www.homesbyspencerhsu.com— TIMESTAMPS —2:56 Intro4:34 Lower Mortgage Rates, Higher Inventory Boost Demand for Home Loans8:01 Mortgage Volumes Collapse for Wells Fargo, JPMorgan in Q4 202211:27 Mortgage Rates Have Peaked Along with Inflation13:59 Google to Lay Off 12,000 People, Memo from CEO Sundar Pichai Says18:19 Why San Jose Stayed Resilient as San Francisco Stumbled24:39 San Francisco and Bay Area Peers Hustle to Meet Looming State Housing Deadline27:04 Bay Area Hovers on Verge of Home-Building Slowdown28:40 China-Based Z&L to Sell Site for Housing Towers in San Jose30:32 Outro— WEEKLY HIGHLIGHT —Lower Mortgage Rates, Higher Inventory Boost Demand for Home Loanshttps://www.housingwire.com/articles/lower-mortgage-rates-higher-inventory-boost-demand-for-home-loans/Mortgage Volumes Collapse for Wells Fargo, JPMorgan in Q4 2022 - HousingWirehttps://www.housingwire.com/articles/mortgage-volumes-plummet-for-wells-fargo-jpmorgan-in-q4-2022/Mortgage Rates Have Peaked Along with Inflation - HousingWirehttps://www.housingwire.com/articles/mortgage-rates-have-peaked-along-with-inflation/Google to Lay Off 12,000 People, Memo from CEO Sundar Pichai Sayshttps://www.cnbc.com/2023/01/20/google-to-lay-off-12000-people-memo-from-ceo-sundar-pichai-says.htmlWhy San Jose Stayed Resilient as San Francisco Stumbledhttps://sfstandard.com/business/why-san-jose-stayed-resilient-as-san-francisco-stumbled/San Francisco and Bay Area Peers Hustle to Meet Looming State Housing Deadlinehttps://www.bizjournals.com/sanfrancisco/news/2023/01/17/san-francisco-housing-element-adoption.htmlBay Area Hovers on Verge of Home-Building Slowdownhttps://therealdeal.com/sanfrancisco/2023/01/17/bay-area-hovers-on-verge-of-home-building-slowdown/China-Based Z&L to Sell Site for Housing Towers in San Josehttps://therealdeal.com/sanfrancisco/2023/01/17/china-based-zl-to-sell-site-for-housing-towers-in-san-jose/—🌍 Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️ Listen to my podcast: https://redcircle.com/shows/bayarearealestate📸Follow me on Instagram: https://www.instagram.com/spencerhsure/🧑‍💼 Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu🛎 Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/c5xkznHLTBh7Yzgi7🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW--My Background:Born and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. I helped 64 families find homes in 2021 ($80MM in transactions) and helped 80+ in 2022, which positions me as a Top 1% Realtor in the US.Looking forward to helping you!Spencer Hsu, MBA, [email protected] Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate​​